Hellman & Friedman Raises $24.4 Billion for Its Biggest Fund Yet

Hellman & Friedman has raised one of the biggest-ever pools of private equity capital, after investors committed $24.4 billion to its latest flagship fund.

The U.S. buyout firm pledged $1.8 billion to Hellman & Friedman Capital Partners X, which was “significantly” oversubscribed, according to a statement Thursday. The closing of the fund brings its total assets under management to more than $80 billion.

The fund is Hellman & Friedman’s biggest to date and ranks among the largest raised by a private equity firm. It comes in just under Blackstone Group Inc.’s roughly $26 billion Capital Partners VIII and Apollo ...